CATL has new rectangular LFP batteries which will be available in 6 months. The Iron LFP EV battery price will be less than $56 per kWh within six months. It is a bigger rectangular battery with each one being like six Tesla 4680 batteries. Tesla also buys Iron LFP batteries from CATL and those are $70 per kWH now. The Tesla cylindrical Iron LFP batteries will also drop to $56 per kWH within 12 months. China Iron LFP batteries are heading to $36 per kWh within 24-36 months.
Tesla will also be able to produce its own 4680 Iron LFP batteries within 24-36 months.
These battery price reductions will help Tesla lower cost and increase margins.
Every $14 per kWh drop in battery price is about $800 of cost removed from an EV.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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The pertinent price is the cost of insuring your home, your car, and other fire liabilities.
Are you attempting to make a thinly veiled dig at EV’s over battery fires? I guess I wrongly assumed that anyone that followed this site already knew that EV’s catch fire much less than ICE vehicles and LFP chemistries are even safer. If your insurance carrier charges are surcharge for owning an EV, then you need a new insurance carrier.